American Hotel Income Properties REIT LP (HOT.UN) Given Average Rating of “Buy” by Analysts

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Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) have received a consensus recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$7.94.

Several analysts have issued reports on HOT.UN shares. National Bank Financial downgraded shares of American Hotel Income Properties REIT from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$10.00 to C$8.25 in a research report on Thursday, November 15th. BMO Capital Markets reduced their target price on American Hotel Income Properties REIT from C$10.31 to C$8.65 and set an “outperform” rating for the company in a research note on Thursday, November 22nd. Canaccord Genuity reiterated a “buy” rating and set a C$7.50 target price on shares of American Hotel Income Properties REIT in a research note on Sunday, January 6th. Royal Bank of Canada reduced their target price on American Hotel Income Properties REIT from C$9.64 to C$7.98 and set a “sector perform” rating for the company in a research note on Monday, November 19th. Finally, TD Securities reiterated a “buy” rating and set a C$6.50 target price on shares of American Hotel Income Properties REIT in a research note on Monday, January 7th.

HOT.UN remained flat at $C$7.45 on Friday. 129,718 shares of the company were exchanged, compared to its average volume of 220,815. American Hotel Income Properties REIT has a 12-month low of C$7.52 and a 12-month high of C$10.92.

American Hotel Income Properties REIT Company Profile

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. AHIP currently has 113 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand.

Read More: Leveraged Buyout (LBO)

Analyst Recommendations for American Hotel Income Properties REIT (TSE:HOT.UN)

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